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BioNTech gets $145 million funding for African vaccine plants

BioNTech gets $145 million funding for African vaccine plants
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Sanofi profit slips on generic competition and currency effects

Sanofi profit slips on generic competition and currency effects
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Zealand Shares Surge on Liver Drug Data From Boehringer Pact

Shares in Zealand Pharma soared 34% on Monday after an experimental weight-loss drug it is developing with Boehringer Ingelheim yielded what they called "groundbreaking".

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Intercept fake Ozempic, German drug regulator tells pharmacies, distributors

FRANKFURT (Reuters) -Germany's federal drug regulator on Wednesday urged pharmacies and drug distributors to be vigilant after wholesale batches of counterfeit versions of Novo Nordisk's diabetes drug Ozempic were found in the country. In a statement, BfArM said it will lead the investigation, taking over from regional state authorities that were previously in charge of the probe. BfArM said there was no evidence that any fake Ozempic had been sold, but distributors and pharmacies should be on t

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BioNTech reduces drug development spend as COVID vaccine sales plunge

FRANKFURT (Reuters) -Germany's BioNTech, Pfizer's partner on COVID-19 vaccines, cut its drug development budget for this year after quarterly revenues were hurt by a plunge in pandemic-related demand. Second-quarter revenue dropped to 167.7 million euros ($184 million) from 3.2 billion euros a year earlier, as write-offs on Pfizer's assets ate into profit share payments that BioNTech is entitled to receive from its U.S. partner. "With some uncertainty on the revenue line, we are also carefully watching our spending by revisiting our cost base," said finance chief Jens Holstein, adding that BioNTech's ambition to become a multi-product oncology and infectious disease company was unchanged.

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